The Middle East and Africa (MEA) magnesium hydroxide market is attributed to the increasing demand for magnesium hydroxide in various applications, such as pharmaceuticals, food & beverages, cosmetics, and industrial.
Magnesium hydroxide is a white, odorless, and tasteless powder. It is soluble in water and alcohol. Magnesium hydroxide is used in a variety of applications, such as:
- Pharmaceuticals: Magnesium hydroxide is used as an antacid to relieve heartburn and acid indigestion. It is also used as a laxative to relieve constipation.
- Food & beverages: Magnesium hydroxide is used as a thickener, stabilizer, and emulsifier in food and beverages. It is also used as a dietary supplement to provide magnesium.
- Cosmetics: Magnesium hydroxide is used as a thickener, opacifier, and binder in cosmetics. It is also used as a deodorant to absorb moisture.
- Industrial: Magnesium hydroxide is used in the production of refractory materials, fertilizers, and pigments. It is also used as a fire retardant and in the treatment of wastewater.
The MEA magnesium hydroxide market is segmented by application, end-user, and country. By application, the market is segmented into pharmaceuticals, food & beverages, cosmetics, and industrial. The pharmaceuticals segment is expected to dominate the market during the forecast period. This is due to the increasing demand for magnesium hydroxide as an antacid and laxative.
By end-user, the market is segmented into industrial, commercial, and household. The industrial segment is expected to dominate the market during the forecast period. This is due to the increasing demand for magnesium hydroxide in the production of refractory materials, fertilizers, and pigments.
By country, the market is segmented into Saudi Arabia, UAE, Egypt, South Africa, Nigeria, and others. Saudi Arabia is expected to dominate the market during the forecast period. This is due to the increasing demand for magnesium hydroxide in the pharmaceutical and food & beverage industries.
The major players in the MEA magnesium hydroxide market are Albemarle Corporation, Huber Engineered Materials, Cargill, Inc., Kyowa Chemical Industry Co., Ltd., and Sibelco. These players are focusing on expanding their production capacities and developing new applications for magnesium hydroxide.
The MEA magnesium hydroxide market is a competitive market. The major players are competing on the basis of product quality, price, and customer service. The market is expected to witness new product launches and expansions by the major players during the forecast period.
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